Phnom Penh

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Phnom Penh

Current population

Of the 15.67 million people in Cambodia, over 2 million people or 14 % of the country’s total population live in and around in Phnom Penh. The population in Phnom Penh grows at a faster rate than in the country overall, with an estimated 8% per annum made of a 3% in-migration rate and a 5% natural increase.

Cambodia’s property sector continues to grow, offering opportunities for both foreign and local investors. The growing number of people moving to the capital as well as the rise of property developments highlights the increasing demand for rentals by locals as well as foreigners.

Sales Price Growth

Land prices rose by an average of 15% during the first half of 2013 from the same period a year earlier, to US$2,350 per square meter (sq. m.), according to local real estate experts. Rents range from US$9 per sq. m. to US$13 per sq. m. per month. A 65 sq. m. flat costs US$600 per month to rent. A 120 sq. m. flat costs more than twice as much, at around US$1,500 per month.

Gross return on investment in a flat if fully rented out, ranges from 3.27% to 5.33%.

Median Rental Premium Apartment

The average monthly rent for a one-bedroom class-A units were KHR1.56 million
(US$400) to KHR3.91 million (US$1,000) in Q2 2010, down by up to 23% from KHR1.95
million (US$500) to KHR5.1 million (US$1,300) from the previous quarter.

Two-bedroom apartments rent for KHR4.7 million (US$1,200) to KHR5.86 million
(US$1,500) per month in Q2 2010, down by up to 42% from the same quarter last year

The average monthly rent for a three-bedroom class-A apartments located in central Phnom Penh was KHR8.6 million (US$2,200) to KHR9 million (US$2,300) in Q2 2010, down by up to 22% from the previous quarter.